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    Fourth Five Year Plan: Total Outlay-Rs. Crores

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    Jayesh Shirke
    The Fourth Five-Year Plan from 1969-1974 aimed to achieve an overall growth rate of 5.7% annually and raise exports by 7% annually, with the key objectives being growth with stability and self-reliance. However, funds earmarked for industrial development had to be diverted to the war effort during the Indo-Pakistani War of 1971. While some achievements were made such as nationalizing 14 banks and increasing food grain production, problems arose such as a widening rural-urban gap and long-term goals being neglected due to recession, famine, and drought.

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    Fourth Five Year Plan: Total Outlay-Rs. Crores

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    Jayesh Shirke
    11 views8 pages
    The Fourth Five-Year Plan from 1969-1974 aimed to achieve an overall growth rate of 5.7% annually and raise exports by 7% annually, with the key objectives being growth with stability and self-reliance. However, funds earmarked for industrial development had to be diverted to the war effort during the Indo-Pakistani War of 1971. While some achievements were made such as nationalizing 14 banks and increasing food grain production, problems arose such as a widening rural-urban gap and long-term goals being neglected due to recession, famine, and drought.

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    FOURTH FIVE

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    The Fourth Five-Year Plan from 1969-1974 aimed to achieve an overall growth rate of 5.7% annually and raise exports by 7% annually, with the key objectives being growth with stability and self-reliance. However, funds earmarked for industrial development had to be diverted to the war effort during the Indo-Pakistani War of 1971. While some achievements were made such as nationalizing 14 banks and increasing food grain production, problems arose such as a widening rural-urban gap and long-term goals being neglected due to recession, famine, and drought.

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    11 views8 pages

    Fourth Five Year Plan: Total Outlay-Rs. Crores

    Uploaded by

    Jayesh Shirke
    The Fourth Five-Year Plan from 1969-1974 aimed to achieve an overall growth rate of 5.7% annually and raise exports by 7% annually, with the key objectives being growth with stability and self-reliance. However, funds earmarked for industrial development had to be diverted to the war effort during the Indo-Pakistani War of 1971. While some achievements were made such as nationalizing 14 banks and increasing food grain production, problems arose such as a widening rural-urban gap and long-term goals being neglected due to recession, famine, and drought.

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    of 8

    FOURTH FIVE

    YEAR PLAN
    (1969- 1974)

    Total outlay-
    Rs. 24,880 Crores.
    Situation while Fourth Five-Year Plan

    The situation in East Pakistan (now Bangladesh) was


    becoming dire as the Indo-Pakistani War of 1971 and
    Bangladesh Liberation War took place.
    Funds earmarked for the industrial development had
    to be diverted for the war effort. India also performed
    the Smiling Buddha underground nuclear test ,
    partially in response to the United States deployment
    of the Seventh Fleet in the Bay of Bengal. The fleet
    had been deployed to warn India against attacking
    West Pakistan and extending the war.
    PLANNING COMMISSION OF FIVE YEAR PLAN
    (1969-1974)
     INDIRA GANDHI
     Chairman
     D.R. GADGIL
     Deputy Chairman
     R. VENKATARAMAN
     Member
     B. VENKATAPPIAH
     Member
     PITAMBAR PANT
     Member
     B.D. NAG CHAUDHURI
     Member
     B.D. PANDE
     Secretary (August 1967 - February 1970)
     A. MITRA
     Secretary (February 1970)
     
    OBJECTIVES

    Fourth Five-Year Plan (1969–70 to 1973–74)

    The Fourth Plan aimed at two main objects:


    1. Growth with stability.

    2. Progressive achievement of self-reliance.


     Besides these two, the other objectives were as
    follows:
    1. Attaining social justice and equality along with care
    of the weak and under-privileged, and the common
    man,
    2. Generating more employment opportunities both
    in the rural and urban areas
     3. Assigning an increasing role to the public sector in
    the growth process.
     4. Correcting regional imbalances among different
    states.
    ● To achieve an overall rate of growth 5.7 percent
    annually.
    ● To raise exports at the rate of 7 percent annually.
     To reform and restructure government
    expenditure agenda( DEFENSE became one
    major expense)
    ACHIEVEMENTS

    14 Banks were NATIONALIZED.


     Food grain production increase.
     Served as a stepping stone for economic
    growth.
     Great advancement has been made with regard to
    India’s national income.
     Considered as one of the EMERGING POWER.
     The Green Revolution in India advanced
    agriculture.
     
    PROBLEMS

    ● A gap was created between the people of rural areas and


    those of urban areas.

    ● Due to RECESSION, FAMINE and DROUGHT,


    India did not pay much heed to long term goals.

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